Thai Telcos: Increasing Competitive Pressures Hit AIS Results. More to Come.

Thai Telcos: TRUE's Gains Are AIS/DTACs' Loss

DTAC: A 90% Profit Decline. Worse to Come?

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Equity Bottom-Up

<p>In the end <a href="https://www.smartkarma.com/entities/949" target="_blank" data-smartkarma-citation="entities:949">Jasmine Intl Public Co Ltd</a> (Jasmine) defaulted on its 4G auction bid, unable to find guarantees for the THB75bn it needed. The other "winning" party <a href="https://www.smartkarma.com/entities/8" target="_blank" data-smartkarma-citation="entities:8">True Corp Pcl</a> (TRUE) has already paid its initial deposit with bank guarantee.  Share prices have risen sharply since yesterday and may have some more short term potential. We remain cautious on the outlook however, and expect rising competition to eat into margins and profitability, regardless of Jasmine's failure.</p><p>Clearly Jasmine is…</p>

In the end Jasmine Intl Public Co Ltd (Jasmine) defaulted on its 4G auction bid, unable to find guarantees for the THB75bn it needed. The other "winning" party True Corp Pcl (TRUE) has already paid its initial deposit with bank guarantee.  Share prices have risen sharply since yesterday and may have some more short term potential. We remain cautious on the outlook however, and expect rising competition to eat into margins and profitability, regardless of Jasmine's failure.Clearly Jasmine is…

Jasmine's 4G Failure Does Not Mean the Good Times Are Back for AIS and DTAC

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Jasmine's 4G Failure Does Not Mean the Good Times Are Back for AIS and DTAC